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News from World

tag: merci

20 Tháng 8 2022

Cuba will open to foreign investment

Cuba says it will allow foreign investors to enter its wholesale and retail trade for the first time in 60 years.  [Cuba bids for foreign investment to tackle goods shortages – BBC]

 

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62363958_303.jpg 05 Tháng 7 2022

US Treasury Secretary Janet Yellen and Chinese Vice Premier Liu He held a virtual talk to discuss about tariffs

Supply chain disruptions were among the topics at the trade meeting. Top representatives from the United States and Chinese held a virtual meeting on Tuesday to discuss a range of economic issues against the backdrop of soaring inflation in the US and much of the world, and the war in Ukraine. Focus on Trump-era tariffs imposed on an expansive list of Chinese goods from footwear to clothing and electronics.  [US, China officials address trade concerns amid Ukraine war – DW]

 

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friend.jpg 23 Tháng 6 2022

International trade will shrink in the transition from globalization to Friend (and Allied)-shoring

U.S. Treasury Secretary Janet Yellen has proposed friend-shoring as a means of isolating global supply chains from external disruptions or economic coercion. It is the decoupling that is likely to lead to short-term supply shocks and higher prices, developments not unlike those produced by the turbulence of recent years. In the long run, the outcome is likely to be lower economic growth due to loss of efficiency, higher costs and supply bottlenecks. [What 'Friend-Shoring' Means for Trade in a Less ...  - The Washington Post]

 

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download (2).jpg 20 Tháng 6 2022

Chinese industry in recovery

The machine and equipment manufacturing industry markedly rebounded in May of this year. The decline in the index of service production has slowed, and modern service industries have supported growth. Sales in the market increased in the month, and sales of basic consumer goods and online retail sales continued to grow.

 

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pabrik-sepatu.jpg 30 Tháng 5 2022

PTA - preferential trade agreement - between Indonesia and Bangladesh worries Indonesian footwear manufacturers

The government says the Indonesia-Bangladesh Preferential Trade Agreement (PTA) will have no negative impact on the country's footwear industry. According to the director of the textile, leather and footwear sector of the Ministry of Industry, Elis Masitoh, the agreement is irrelevant for the footwear sector, as Bangladesh has not revealed a plan to export shoes to Indonesia. However, "As we are both producers, the negotiations have the potential to disrupt our local sector," said Firman Bakrie, executive director of Aprisindo.

 

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download.jpg 26 Tháng 5 2022

Geoeconomic fragmentation leads to reduced trade and disruption of value chains

Tensions over trade, technological standards and security have increased for many years, undermining growth and confidence in the current global economic system. This is confirmed by a research by the IMF. Only international cooperation can address urgent global issues such as remedying shortages of food and other products, removing barriers to growth, and saving our climate. [Why We Must Resist Geoeconomic Fragmentation—And How – IFM]

 

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